UK tax rates, allowances and reliefs
ICAEW’s Tax Faculty provides links to help practitioners find the latest tax rates, allowance and reliefs.
Expert commentary and practical guidance from ICAEW related to the taxation of savings and investments in the UK personal tax regime, including the taxation of dividends.
ICAEW's Tax Faculty produces TAXguides to provide practical support on technical areas of tax
This guide considers the areas of uncertainty in the Finance (No. 2) Act 2017 statutory provisions for the cleansing of mixed funds. It is formed of questions and answers from ICAEW and other professional bodies, together with comments from HMRC.
Finance (No 2) Act 2017 introduced significant changes to the taxation of foreign domiciliaries.
In TAXguide 04/18 Lisa Spearman provides an introduction to the taxation issues which may be in point when considering the non UK aspects of a client’s affairs. Read a summary here, Tax Faculty members can download the full guide.
Draft regulations require employers to provide more details of employees’ hours to HMRC. Additionally, shareholders will need to provide details of close company shareholdings and dividends.
HMRC has written to company owners who it believes may have failed to declare dividend income.
ICAEW’s Tax Faculty scans the Autumn Statement documents for other tax-related announcements. Various tax measures can be found in the Overview of tax legislation and rates, the Autumn Statement, and updated Tax information and impact notes.
Accountancy firm and ICAEW member Cooper Parry has long taken an innovative approach to staff well-being and happiness. But in the post-pandemic world, things like flexible and remote working no longer made it stand out, so it’s updating its employee offer.
There have been a number of tribunal cases where appeals have failed as a result of there not being a recognisable trade, e.g. Babylon Farm Ltd v HMRC [2021] UKUT 224 (TCC) regarding the sale of hay for horses.
Mark McLaughlin, Bloomsbury Accounting and Tax Service, looks at the payment of dividends in owner-managed companies and highlights a recent case on restricted or ‘blocked’ dividends.
Angela Clegg examines practical steps for managing the uncertainty within the tax policy environment, including remuneration for owner-managers, the return of close investment-holding companies, the annual investment allowance and the end of the super deduction.
The European Commission is considering three options and seeking opinions and experience on problems caused by the existing withholding tax systems, operated by individual member states.
Brought to you by the Tax Faculty, this webinar covers the capital allowances landscape following the provisions in the 2021 Finance Act.
An introduction to the taxation of interest and dividends.
Eligible firms have free access to Bloomsbury Professional's comprehensive online library, comprising around 80 titles from some of the country's leading tax and accounting subject matter experts. Find out who is eligible and how you can access the Accounting and Tax Service.
Guidance on business asset disposal relief and investors’ reliefs for individuals and trusts, highlighting tax planning opportunities.
Detailed guidance on the capital gains tax reliefs that may apply on the sale of businesses, business assets, or a gift.
A chapter providing detailed guidance on Social Investment Tax Relief, written for SMEs and entrepreneurs in the UK.
Tax rates and tables for pensions and investment schemes, updated to reflect measures announced in the Autumn Statement on 22 November 2023 and changes proposed in the Autumn Finance Bill 2023. Helpful additional commentary is included with the rates and tables.
Country-by-country information on a range of important areas of international tax law, updated by two issues annually.
Chapter containing practical advice on capital allowances in relation to incorporating a business.
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A chapter covering the tax treatment of various forms of savings and investment income, such as bank interest, share and unit trust dividends, rents, and income from trust funds. The author gives tax saving tips, and illustrates points with real-world examples.
Outlines the provisions which exempt UK dividends from taxation under the Corporation Tax Act 2009.
Explains how corporation tax applies to trading income and the ways in which it differs from income taxation. Covers the annual investment allowance, first-year tax credits and capital allowances for plant and machinery.
Introduces personal allowance and blind persons's allowance for taxable income. Includes example calculations illustrating the personal allowance, blind person's allowance, savings allowance and the dividends nil rate band.
Provides details of the three different sets of tax rates under the Income Tax Act 2007: non-savings income, savings income, and dividend tax rates. This section includes a note on the extension of the basic rate band.
Summarises the three chief sources of income which must be aggregated in tax computations, organised under non-savings income, savings income tax, and dividend tax rates. It also notes a number of sources exempt from income tax.
This latest edition has been revised and updated throughout, and includes new insights on topics such as digital, ESG (environmental, social and governance), and long-term investing, as well as fresh case studies. Clear, accessible chapters cover the fundamental principles of value creation, analyzing and forecasting performance, capital structure and dividends, valuing high-growth companies, and much more.
The Daily Telegraph Tax Guide is the UK's bestselling tax handbook, containing everything you need to know about completing a self-assessment tax return for 2019/20.
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A representation dated 1 September 2023 to a consultation published by the UK Parliament Treasury Committee on 3 July 2023.
MTD - Interest harmonisation and sanctions for late payment
Taxing gains made by non-residents on UK immovable property